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USDC's Depeg Or: How I Learned To Stop Worrying And Trust the Bots - Kaiko Research

Date 16/03/2023

What a weekend. Today, the Kaiko Research team presents a post-mortem of the mass chaos crypto markets experienced amid SVB’s collapse. We divide our analysis into three sections:

 

  • USDC’s de-peg and the cascading market impact.
  • The state of crypto liquidity amid the fiat banking carnage.
  • Monday’s market recovery and possible explanations.

 

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